Woolworths Team Bonus Saver Account Summary
Description
A savings account with monthly bonus interest on the first $100,000 when deposit and withdrawal conditions are met.
Benefits
- No monthly savings-account fee.
Hoops
- Applicants must be at least 18.
- For bonus interest, deposit at least $100 each month, make a deposit of at least $100 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
- Ongoing rate cap: $100,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Woolworths Team Bonus Saver Account |
|---|---|
| Maximum variable rate | 4.90% p.a. |
| Ongoing interest rate | 4.90% p.a. |
| Base interest rate | 0.10% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 0.10% |
|---|---|
| Ongoing | 4.90% |
| Ongoing cap | $100K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $100 |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.10% p.a., before bonus interest.
- Ongoing: 4.90% p.a. when bonus conditions are met. Up to $100k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.10% | This band only | All balances |
| Ongoing total, conditions met | 4.90% | This band only | First $100k |
| Ongoing total, conditions met | 0.10% | This band only | Over $100k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Interest is calculated daily and credited at the end of each month.
- No introductory offer is established. Membership requires a separate refundable $1 share. Other service and transaction charges may apply.
- Make a deposit of at least $100 and no withdrawals during the same calendar month to earn bonus interest. There is no separate balance-growth or card-purchase requirement. If the conditions are not met, only base interest applies.
- The advertised total includes base interest. Bonus interest applies to the first $100,000, with only base interest on the excess. Comparisons above $100,000 use a balance-weighted rate. The CDR MAX_BALANCE entry explicitly describes a bonus-interest cap, it is not a maximum holding balance.
- No monthly administration fee. The product page says no minimum opening deposit, while the August 2026 account summary lists $1. No opening minimum is asserted here, confirm the opening requirement with the bank.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Woolworths Team.
- Membership is open to Woolworths and Endeavour Group team members, their immediate family members and people with an affinity to Woolworths, such as Everyday Rewards members and contractors. Affinity membership is subject to approval under the Constitution. Retired employees, continuing members and qualifying transferred or legacy members may also qualify. Existing membership continues after employment ends. Joining requires identity checks and one refundable $1 member share. Confirm eligibility with Woolworths Team Bank.
- This comparison covers personal savings use.
- Applicants must be at least 18 and living in Australia as a citizen, permanent resident or with a relevant work visa. Only one Bonus Saver account per customer, whether solely or jointly owned.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 29 Oct 2026.